RE: TROJAN21 Aug 2020 12:03
Longboat Energy - 19 NOV 2019
Longboat arrives on AIM this morning with the ticker LBE, I’m sure most investors will be delighted to see the return of Graham, Helge and Jon plus what seems like most of the Faroe team. Having raised the £10m they are now ready to go and I’m sure they haven’t been idle all summer so have a few deals waiting on ice. The shareholders are Kushti from Blackrock downwards and all know to have the cheque books out ready. This is indeed the very model of a modern major oil company in the making
Faroe Petroleum was taken over at 160p by DNO.
Malcy said "There is no doubt that DNO moved fast as the oil price fell and have got a bargain at this price "